Brokerages Expect Univest Co. of Pennsylvania (UVSP) to Post $0.42 Earnings Per Share

Equities analysts predict that Univest Co. of Pennsylvania (NASDAQ:UVSP) will report earnings per share of $0.42 for the current quarter, according to Zacks. Zero analysts have made estimates for Univest Co. of Pennsylvania’s earnings. Univest Co. of Pennsylvania posted earnings of $0.41 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The business is expected to issue its next earnings results after the market closes on Wednesday, April 25th.

According to Zacks, analysts expect that Univest Co. of Pennsylvania will report full-year earnings of $1.85 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will post earnings of $2.12 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Univest Co. of Pennsylvania.

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Univest Co. of Pennsylvania (NASDAQ:UVSP) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $50.86 million during the quarter. Univest Co. of Pennsylvania had a return on equity of 8.35% and a net margin of 19.84%.

Several analysts have recently commented on UVSP shares. BidaskClub raised Univest Co. of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. ValuEngine raised Univest Co. of Pennsylvania from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 target price on shares of Univest Co. of Pennsylvania in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Univest Co. of Pennsylvania currently has an average rating of “Buy” and an average target price of $33.33.

In other news, Director Robert C. Wonderling acquired 1,500 shares of Univest Co. of Pennsylvania stock in a transaction that occurred on Thursday, March 22nd. The stock was purchased at an average price of $28.00 per share, with a total value of $42,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have purchased 2,932 shares of company stock valued at $81,058. Insiders own 2.82% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Standard Life Aberdeen plc raised its holdings in Univest Co. of Pennsylvania by 19.2% during the fourth quarter. Standard Life Aberdeen plc now owns 2,531,482 shares of the financial services provider’s stock valued at $71,071,000 after buying an additional 408,343 shares in the last quarter. Maltese Capital Management LLC raised its holdings in Univest Co. of Pennsylvania by 155.5% during the fourth quarter. Maltese Capital Management LLC now owns 575,106 shares of the financial services provider’s stock valued at $16,132,000 after buying an additional 350,005 shares in the last quarter. Endeavour Capital Advisors Inc. bought a new position in Univest Co. of Pennsylvania during the fourth quarter valued at about $5,024,000. Bank of New York Mellon Corp raised its holdings in Univest Co. of Pennsylvania by 33.7% during the third quarter. Bank of New York Mellon Corp now owns 671,101 shares of the financial services provider’s stock valued at $21,475,000 after buying an additional 169,172 shares in the last quarter. Finally, Banc Funds Co. LLC raised its holdings in Univest Co. of Pennsylvania by 380.2% during the fourth quarter. Banc Funds Co. LLC now owns 189,452 shares of the financial services provider’s stock valued at $5,314,000 after buying an additional 150,000 shares in the last quarter. 66.93% of the stock is owned by hedge funds and other institutional investors.

Shares of Univest Co. of Pennsylvania stock traded up $0.10 during midday trading on Monday, hitting $27.95. The company’s stock had a trading volume of 76,652 shares, compared to its average volume of 120,672. The stock has a market cap of $817.07, a PE ratio of 16.64 and a beta of 0.56. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.16. Univest Co. of Pennsylvania has a 1-year low of $26.50 and a 1-year high of $32.35.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Wednesday, March 14th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, March 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. Univest Co. of Pennsylvania’s payout ratio is 47.62%.

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About Univest Co. of Pennsylvania

Univest Corporation of Pennsylvania operates as the holding company for Univest Bank and Trust Co that provides various commercial and consumer banking, and trust services to individuals, businesses, municipalities, and nonprofit organizations in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance.

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